Multiple former Village of Yellow Springs officials have been listed in a recent finding for recovery issued by the Ohio Auditor of State after not paying federal tax withholdings on time.
The finding for recovery of nearly $20,000 was issued on Tuesday for the 2023 audit period.
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Auditors say former Yellow Springs finance director Matt Dillion didn’t send payroll withholdings and filings to the federal government on time, which led to late fees, penalties, and interest.
Dillion and his bonding company, The Cincinnati Insurance Group, are responsible for approximately $19,512.40. The following penalties are listed below:
- $4,657.30 for late filing of one Federal 941 Form
- $5,002.19 for seven instances of failure to submit withholdings
- $9,520.00 for the incorrect filing of one Form 1099
- $332.91 for seven instances of interest for failure to pay IRS penalties
“These charges would have been avoided had the funds and forms been remitted by the required due dates,” auditors say…